Bought Cmnt yesterday @ 11.
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NEW YORK, March 23 (Reuters) - Bear Stearns said Tuesday it had initiated coverage of Computer Network Technology Corp. <CMNT.O> with a buy rating.
It also said it had set a 52-week price target at $18-$20 a share.
Further details were not immediately available.
Computer Network, a software and services start-up, ended at 11 on March 22.
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>>About Computer Network Technology (CNT)
Computer Network Technology, based in Minneapolis, Minn., is a global company providing high-performance Enterprise Application Integration tools, Storage Area Networking solutions, and world-class support services. The company's enterprise application integration products, including Enterprise/Access, integrate legacy applications with frameworks, packaged applications, or new environments. The company's products are sold worldwide through a direct sales force and a network of authorized distributors. For more information, visit CNT's web site at cnt.com , or call 800-638-8324 (U.S.) or 44-181-232-2600 (International). << |
